HighTower Advisors LLC Cuts Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

HighTower Advisors LLC cut its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,761 shares of the closed-end fund’s stock after selling 2,362 shares during the period. HighTower Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in Nuveen Municipal Value Fund in the 3rd quarter valued at about $104,000. Stratos Wealth Partners LTD. increased its stake in shares of Nuveen Municipal Value Fund by 127.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 39,347 shares of the closed-end fund’s stock worth $338,000 after buying an additional 22,015 shares during the period. Janney Montgomery Scott LLC raised its holdings in Nuveen Municipal Value Fund by 2.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 169,053 shares of the closed-end fund’s stock valued at $1,452,000 after acquiring an additional 4,770 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in Nuveen Municipal Value Fund in the fourth quarter worth approximately $548,000. Finally, Oppenheimer & Co. Inc. grew its holdings in Nuveen Municipal Value Fund by 39.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 13,988 shares of the closed-end fund’s stock worth $120,000 after acquiring an additional 3,988 shares in the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV opened at $8.73 on Friday. The firm’s fifty day simple moving average is $8.78 and its 200-day simple moving average is $8.84. Nuveen Municipal Value Fund, Inc. has a twelve month low of $8.35 and a twelve month high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Friday, March 14th.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.